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what we have in this economy is we already have one of the most flexible economies in the world and it doesn't seem to have done us any long term good terms of creating jobs or making people more productive this is the other side as the sort of solutions that i'm talking about are if you have to find solutions to challenge of a falling demand you might actually go. to rather than simply saying oh well we can't do anything let's just let people. markets why not. find out what's really happening to the global economy with mike scott for a no holds barred look at the global financial headlines tune in to kaiser report on r t. i. download the official publication to yourself choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television or it just doesn't matter now with your mobile device you can watch on t.v. anytime anywhere. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators. self-imposed out costs from society i will contact myself am
what we have in this economy is we already have one of the most flexible economies in the world and it doesn't seem to have done us any long term good terms of creating jobs or making people more productive this is the other side as the sort of solutions that i'm talking about are if you have to find solutions to challenge of a falling demand you might actually go. to rather than simply saying oh well we can't do anything let's just let people. markets why not. find out what's really happening...
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you're i mean look at the the situation in europe of the facts i mean russia at the moment although the economy has slowed considerably from about four percent starting to see it's about two points if you sell your external reasons or is it domestically more both but i think the more the problems in europe than anything else of trade for russia it is still growing the fastest growing country in europe and will continue to be this year and depending on what happens in the second half of the year particularly it should pick up and you know it will do better than everyone else but will still perform below its potential to russia story jake are you a big surprise to the economist when it comes to russia and no i think there is a there is a sort of deep rooted skepticism about russia among many commentators and i think it's not helps perhaps by some of the decisions that have been taken recently for instance about the the orphan adoption law but fundamentally you know i think russia is in a very strong position at the moment i think it ran a fiscal surplus last year had a current account surplus of
you're i mean look at the the situation in europe of the facts i mean russia at the moment although the economy has slowed considerably from about four percent starting to see it's about two points if you sell your external reasons or is it domestically more both but i think the more the problems in europe than anything else of trade for russia it is still growing the fastest growing country in europe and will continue to be this year and depending on what happens in the second half of the year...
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Jan 13, 2013
01/13
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the point is, does this kind of thing affect the economy? the answer is unequivocally yes, it does. >> if nothing else got better shall yes, it would, but the parts of the economy that-- >> it's nothing, it's not going to make other things better. what, as walker said, you think we're going to fix the social security fund because of this? >> gary is right. and the solution is-- >> go ahead, go ahead. >> although gary is correct, there's no solution where it could stay lower and yet pay off the benefits that it's supposed to be paying off indefinitely either. so the cuts would have to come if not from the payroll tax increase, through social security and hurt the economy through spending as much as it's going to by raising the payroll tax, the fantasy is making up for the difference of borrowed money. >> we're very good at that, walker, go ahead. >> i do not share at all jonas' utopian view, to redistribute anything in the way of benefits. one of most ineffective and inefficient created. we're in deep need of reform and congress better addres
the point is, does this kind of thing affect the economy? the answer is unequivocally yes, it does. >> if nothing else got better shall yes, it would, but the parts of the economy that-- >> it's nothing, it's not going to make other things better. what, as walker said, you think we're going to fix the social security fund because of this? >> gary is right. and the solution is-- >> go ahead, go ahead. >> although gary is correct, there's no solution where it could...
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the russian economy say that i like to. leave the little. things are. plain. do we speak your language anybody will or not a day of school music programs and documentaries and spanish what matters to you breaking news a little tonnage of angola's kidneys stories. you hear. the choice at all to spanish to find out more visit i to allahabad all tito is calm. place. and. length. and. close i. download live. stream. and enjoy it. if you're always. welcome back across to remind you we're talking about the prospects for the russian economy in two thousand and thirteen ok. let's not use this one analysis here i mean let's look at the russian economy this year what's its greatest strength. i think the room resources i mean the fact that it's making money and that it isn't any money it's got no debts and that puts it in a very comfortable position because you know despite the failures of reform or the lack of reform and some areas russia can afford to get it wrong to make mistakes restraint can also turn into a threat ok take up what do you think its greatest strength.
the russian economy say that i like to. leave the little. things are. plain. do we speak your language anybody will or not a day of school music programs and documentaries and spanish what matters to you breaking news a little tonnage of angola's kidneys stories. you hear. the choice at all to spanish to find out more visit i to allahabad all tito is calm. place. and. length. and. close i. download live. stream. and enjoy it. if you're always. welcome back across to remind you we're talking...
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does this new payroll tax hike mean less spending and a weaker economy? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, the bulls and bears this week, gary b smith, tobin smith, jonas max ferris along with walker stableton and steffen, gary b. it turns out not just the rich, but the payroll tax hike smacking just about all workers, will it smack the economy next? >> i don't see how it can't, brenda. the person in that little clip summed it up perfectly. it makes a little bit of a difference and a little bit of a difference times a few hundred million people makes a big difference. it's already been studied by economists, they predict 4 to 500,000 jobs lost, 1/2% lopped off the the gdp. if you look around the studio there, everyone that gets a paycheck, like they said in that little clip, sees less he money. that's less money they were going to spend on groceries, at the drug store, the gas station and that money gets sucked out of the economy, so do jobs. >> brenda: well, now, this does hit lower and middle class americans harder
does this new payroll tax hike mean less spending and a weaker economy? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, the bulls and bears this week, gary b smith, tobin smith, jonas max ferris along with walker stableton and steffen, gary b. it turns out not just the rich, but the payroll tax hike smacking just about all workers, will it smack the economy next? >> i don't see how it can't, brenda. the person in that little clip summed it up perfectly. it makes...
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hello and welcome to cross talk russia's economy in two thousand and thirteen what are its strengths weaknesses opportunities and threats is the russian economy becoming more or less competitive is the pace of reform on track and is russia prepared to withstand external shocks. to cross out the prospects of the russian economy in two thousand and thirteen i'm joined by my guest in moscow jacob no he's the chief economist at morgan stanley ben ayres he's the editor in chief of business new europe and yes laugh lisa volek he is the chief economist at deutsche bank russia all right gentlemen crosstalk rules and i mean you can jump in anytime you want before we talk about the swan analysis of the russian economy ben i want to go to you i mean newsweek a few days ago a writer on matthews and we have ed lucas over at the economist and you keep telling me for about a decade now that this economy is about to collapse now you're a journalist as well you don't say the same thing where's the disconnect. people tend to focus on the negative part of the story and the trouble at the russia story i
hello and welcome to cross talk russia's economy in two thousand and thirteen what are its strengths weaknesses opportunities and threats is the russian economy becoming more or less competitive is the pace of reform on track and is russia prepared to withstand external shocks. to cross out the prospects of the russian economy in two thousand and thirteen i'm joined by my guest in moscow jacob no he's the chief economist at morgan stanley ben ayres he's the editor in chief of business new...
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what we have in this economy is we already have one of the most flexible economies in the world and it doesn't seem to have done us any long term good terms of creating jobs or making people more productive this is the other side as the sort of solutions that i'm talking about are if you have to find solutions to challenge of a falling demand you might actually go down the route of making your workforce more productive getting more out of the capital that you are investing rather than simply saying oh well we can't do anything let's just let people go right on the dealt that's no solution for the economy as a whole actually happening is a solution for any individual company either oh into debt thank you very much. yet another tragic shooting right on the streets of the capital is again cause to open the gun debate across the nation now all the talking heads are saying that you got to take away the guns to be safe well the problem is that the shooting happened right on the streets of the capital of a country where the guns have already been taken away paris france three kurdish women on
what we have in this economy is we already have one of the most flexible economies in the world and it doesn't seem to have done us any long term good terms of creating jobs or making people more productive this is the other side as the sort of solutions that i'm talking about are if you have to find solutions to challenge of a falling demand you might actually go down the route of making your workforce more productive getting more out of the capital that you are investing rather than simply...
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Jan 14, 2013
01/13
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the economy moving. and we're basically in that situation right now. all the productive capacity is there. all that's lacking is the intellectual clarity and the political will. >> you make this so clear in the book, that's why i recommended that president obama read this book as the one book i would like to see him read before the inauguration next week. if he read it, what would you hope he would fasten on? >> i would hope that he would fasten on the notion, you know, he faces real political constraint. so we understand, he can't just pass legislation. but that the most important thing, his policy priority right now should be doing whatever he can to at least move in the direction of the kinds of policies that we want for full employment, that we need for full employment. and that the obsessions of washington about a grand bargain on the deficit are really pretty much beside the point right now. that, if given a choice between doing something that will help the economy in the next two years, and someth
the economy moving. and we're basically in that situation right now. all the productive capacity is there. all that's lacking is the intellectual clarity and the political will. >> you make this so clear in the book, that's why i recommended that president obama read this book as the one book i would like to see him read before the inauguration next week. if he read it, what would you hope he would fasten on? >> i would hope that he would fasten on the notion, you know, he faces...
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rules and i mean you can jump in anytime you want before we talk about the swat analysis of the russian economy ben i want to go to you i mean newsweek a few days ago a writer on matthew and we have ed lucas over at the economist he keep telling me for about a decade now that this economy is about to collapse now you're a journalist is well you don't say the same thing where's the disconnect. people tend to focus on the negative part of the story and the trouble at the russia story is that there are lots of problems and if you focus on those then you can forecastle source of gloom and doom the imminent collapse of the oil price that will bring the russian economy down in flames but the reality is that it continues to grind their way and make progress and. you're i mean look at the the situation in europe of the facts i mean russia at the moment although the economy has slowed considerably from about four percent stuff in the last year to about two point two you said your external reasons or is it domestically. both i think the more the problems in europe than anything else has dragged russia ye
rules and i mean you can jump in anytime you want before we talk about the swat analysis of the russian economy ben i want to go to you i mean newsweek a few days ago a writer on matthew and we have ed lucas over at the economist he keep telling me for about a decade now that this economy is about to collapse now you're a journalist is well you don't say the same thing where's the disconnect. people tend to focus on the negative part of the story and the trouble at the russia story is that...
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Jan 19, 2013
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the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that plunges, now standing at just 14%. the president insisted on higher taxes for the wealthy. part of his campaign designed to cast mitt romney as out of touch. his victory sealed, this president will have a sequel. >> for the united states of america, the best is yet to come. >> the original was a drama. but what the sequel needs is action. to it craft a legacy, this president must bring lawmakers together. cliff after cliff, short-term thinking and political bickering at every turn. dysfunction is ruling washington. but look beyond that and this economy is poised f
the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that...
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Jan 15, 2013
01/13
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economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that means. >> exports in november, down 94.1 billion is where we essentially went. 98.4 billion was the october numbers. so exports in november driving down. and that gdp number is worth pulling out. exports for the year, up 4.1%. as far as production is concerned, it was up 2% in november. but the forecast were for it to rise up 1%. it was a very weak october, as well. it was this production and that production number. when that came out, it essentially made people put a pretty fourth quarter in the whole, kelly. what we're trying to do is de
economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that...
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i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor to them. quick thank you for your comments chairman bernanke. i am a masters student. the first question is this -- if treasury minted a trillion dollar platinum coin, with the fed have except did it -- accepted it? >> i am not going to give that any oxygen. as you probably know, the treasury and federal reserve -- the treasury issued a statement that we did not think this was the right way to deal with this problem. there are legal issues and policy issues. the right way to deal with this problem, as i said earlier, is for congress to
i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor...
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Jan 15, 2013
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the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budget plans earlier than expected. the new debt load has been lower than expected, and this has been very good news, although the government also lowered its forecast for the economy, but here at the financial markets, people are more or less happy about the fact that the german economy will be able to avoid a recession. >> let's move on to corporate news then. record sales at s.a.p. we heard today. >> very good numbers. surprisingly good numbers coming from the sales side, but the profits went down because s.a.p. had to do some big investments, buying new technol
the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budget...
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Jan 19, 2013
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they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en go out and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how to govern our society. we can't afford the bills we have now to pay. someone has to say, no, spend what you have and let's move on. >> brenda: yo
they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18...
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economy had grown 1% less, our economy would've been the same size in 1990 as a that of mexi mexico. that 1% difference over that century created massive outcome difference. looking forward 10 years from now, if we go out 2% rather than 3% potential we will have have had $1 trillion worth of outcome which is about 10 -- in this economy. that's a very, very big deal. the growth alone is also not important. it's also growth that is inclusive. that is broadly shared and that's one of the things that brookings is devoted to the we have a project called the hamilton project wizard -- which is focused o on the issue. if over the course of the last 30 years, roughly 35 years, the average income in the united states house hold have grown at the same rate of you succumb, 26% for the household growth, 2% of economy, the per capita gdp would be 50% higher than it is today, $90,000 versus $16,000. if you translate that into can what happens in household economy that is final. and what we do in washington is really, really important i just came back from a trip to brazil but i don't want to spend
economy had grown 1% less, our economy would've been the same size in 1990 as a that of mexi mexico. that 1% difference over that century created massive outcome difference. looking forward 10 years from now, if we go out 2% rather than 3% potential we will have have had $1 trillion worth of outcome which is about 10 -- in this economy. that's a very, very big deal. the growth alone is also not important. it's also growth that is inclusive. that is broadly shared and that's one of the things...
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it is all to point to a ship which triumphs economy and social progress economy development and social progress so i don't see in korea have to change drastically is a model for economy course we have to import food and we have to put back it's a cent off the printer. let's take a look at the markets to see how they finished this week over in europe equities ended friday's session mixed to see gained a third of a percent thanks mainly to the metals sector that reacted to two upbeat news from china the dax ended below the line and then here in moscow take a look an impressive day for the equities both of the our t.x. and r.t.s. excuse me and the my six posted very strong gains about one percent each the r.t.s. closed above the psychologically important level of sixteen hundred points for the first time since april now on the currency markets to the dollar was strengthening to the euro and as you're seeing here the russian ruble closed mixed to the major currencies. now business r.t. will continue to bring you the latest from davos all week long for more coverage you can check out our we
it is all to point to a ship which triumphs economy and social progress economy development and social progress so i don't see in korea have to change drastically is a model for economy course we have to import food and we have to put back it's a cent off the printer. let's take a look at the markets to see how they finished this week over in europe equities ended friday's session mixed to see gained a third of a percent thanks mainly to the metals sector that reacted to two upbeat news from...
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the real economy so yes the u.k. is definitely going down relative to other countries indonesia is in fact indeed rising and that's about the one thing the report has managed to get right in all other respects the report is utterly preposterous taking a view over thirty three years i mean the intelligence agencies take ten fifteen years maximus their view. regards global warming the report hasn't even heard that or gusts institution the b.p. c meteorological office and now admits there's been no global warming for sixteen years there are plenty of factors in the situation but not carbon dioxide. records just likely ask you about ok you can't predict ahead thirty years so this report is nonsense but clearly is there something that the u.k. perhaps could do to remedy its course at the moment in order for that not to happen because obviously it seems to be a start prediction and could happen. oh yes the way forward is simply number one control of this outrageously out of control arrogant elitist financial institutions a
the real economy so yes the u.k. is definitely going down relative to other countries indonesia is in fact indeed rising and that's about the one thing the report has managed to get right in all other respects the report is utterly preposterous taking a view over thirty three years i mean the intelligence agencies take ten fifteen years maximus their view. regards global warming the report hasn't even heard that or gusts institution the b.p. c meteorological office and now admits there's been...
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Jan 15, 2013
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the rest of the world is counting on our economy right now to keep growing so the world economy can keep growing. when newt gingrich says this is a bad idea to use -- hold the country hostage to the debt ceiling, when newt gingrich looks like a moderate and a statesman, i think the republicans ought to rethink their strategy. >> ruth, how badly would this damage the economic recovery? i think it would totally wipe it out. it would probably bring from what i could see unemployment to levels that we haven't seen even back when we had the economic problems in the start of 2009. it would be worse than that. what do you think? >> it would be a complete disaster. and both sides have acknowledged that, that i think the president put it really well today when he said that the republicans are essentially saying if we don't get 100% of what we want, we're going to blow up the economy. and nobody doubts that it would blow up the economy. but also what they're pushing for is deep cuts that will hurt that very same list of people you started the segment with. they want cuts to social security, to med
the rest of the world is counting on our economy right now to keep growing so the world economy can keep growing. when newt gingrich says this is a bad idea to use -- hold the country hostage to the debt ceiling, when newt gingrich looks like a moderate and a statesman, i think the republicans ought to rethink their strategy. >> ruth, how badly would this damage the economic recovery? i think it would totally wipe it out. it would probably bring from what i could see unemployment to...
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Jan 13, 2013
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we're going to build the new economy within renewables. that is where we need to put our investment. if you look at the withdrawal of a special provision of oil, gas, and coal, it tells a story about how we think you invest in the future. >> thank you. just a couple of thoughts. years ago i was taught what was called a harvard case study approach to solving problems. it was taught in business school and the idea was to your given this complicated situation with different things that would be a good thing to do. part of the discipline was that you should pick the number one thing, the first and essential element you have got to deal with. frequently that was the situation that would determine whether the company was going to succeed or fail. but as i take a look at the things that you are looking at dealing with within the budget, to some degree we are dealing with peripheral things and it seems that there has been pretty good emphasis, but the and velvet -- the elephant in the room is the tremendous growth of entitlements. i heard referenc
we're going to build the new economy within renewables. that is where we need to put our investment. if you look at the withdrawal of a special provision of oil, gas, and coal, it tells a story about how we think you invest in the future. >> thank you. just a couple of thoughts. years ago i was taught what was called a harvard case study approach to solving problems. it was taught in business school and the idea was to your given this complicated situation with different things that would...
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Jan 19, 2013
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we need jobs in this economy for middle class people and that's what will make this economy stronger and so if we cut then we're going against that very basic economic principle. when you constrict the budget and cut off the flow of money, you're not going have as many jobs available. so i am not -- i am not in favor of drastic cuts in spending at this time, but i do think long term we should be looking at reducing our debt and restoring fiscal sanity to our budget. >> a group of house democrats, yourself included you want to do away with the debt ceiling law altogether. this is congressman jerry neven, this is what he had to say about it. take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to in
we need jobs in this economy for middle class people and that's what will make this economy stronger and so if we cut then we're going against that very basic economic principle. when you constrict the budget and cut off the flow of money, you're not going have as many jobs available. so i am not -- i am not in favor of drastic cuts in spending at this time, but i do think long term we should be looking at reducing our debt and restoring fiscal sanity to our budget. >> a group of house...
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greatly divergent economies were put together. you know it you stitched up a frankenstein in a way and then injected blood into its main grease entered the monetary union its g.d.p. per capita it was about a third that of germany. but then greece started to increase the level of spending and it increased it a great deal now if they had stayed out of the eurozone if they were in this position now with the drachma of course they could devalue that devaluation would cut their debt down but in the process right now if people thought that was going to happen interest rates would soar and they wouldn't be able to do it but like you said countries like greece and spain portugal they kept losing competitiveness one stage joined the european union and that's because they had nothing to devalue to in order to make up for their losses and that of course is also because of the euro i mean they really had their hands tied with the euro they couldn't really stimulate their economies domestic economies i made a plan for the year i think it was t
greatly divergent economies were put together. you know it you stitched up a frankenstein in a way and then injected blood into its main grease entered the monetary union its g.d.p. per capita it was about a third that of germany. but then greece started to increase the level of spending and it increased it a great deal now if they had stayed out of the eurozone if they were in this position now with the drachma of course they could devalue that devaluation would cut their debt down but in the...
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economy well gerry warner makes an excellent point now and economy has two components in its export market they've got the exploitation of services or they've got the exploitation of goods manufactured goods in britain has not exported had a net balance of exportation of manufactured goods since the nineteen eighties the entire economy sense that your has been built on basically services and what are these services they are financial services. i want to power pursue with a thirty year bond market bull bull bond market where interest rates were falling now we're at a juncture in time where britain has got its manufacturing capacity they're left with financial services as really the only engine of growth during a period of bond collapse and interest rates rise that's why i'm shorting the british pound that's why jim rickards the famous guru who wrote currency war has come out and said the british pound is toast jeremy warner who's a cheerleader for the government over there at the telegraph is pointing out even that the pound is toast a payload in the yen are toast additionally not only are
economy well gerry warner makes an excellent point now and economy has two components in its export market they've got the exploitation of services or they've got the exploitation of goods manufactured goods in britain has not exported had a net balance of exportation of manufactured goods since the nineteen eighties the entire economy sense that your has been built on basically services and what are these services they are financial services. i want to power pursue with a thirty year bond...
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Jan 16, 2013
01/13
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will the german economy continued to slow? more on that later in this program. >> first, here's a look at some other stories making news. >> russian court has denied a request for leniency from a member of the punk band pussy riot. one member has sought a deferral of her presence sentence until her 5-year-old son turns 14. she was convicted of hooliganism after a protest during services in moscow church. >> the taliban have claimed responsibility for a suicide attack targeting the afghan intelligence agency. officials said two guards were killed when the bomber who blew up his car in front of the country's headquarters -- the interior ministry says security forces shot dead four other attackers. >> in iraq, more than 30 people have been killed in a series of attacks that appear to have targeted kurds. two car bombs exploded. one of them blew up outside a kurdish political party office. a third in a nearby town. >> the two biggest airlines have found their entire fleets of boeing 7873liner -- 787 dreamliners. >> it has been hav
will the german economy continued to slow? more on that later in this program. >> first, here's a look at some other stories making news. >> russian court has denied a request for leniency from a member of the punk band pussy riot. one member has sought a deferral of her presence sentence until her 5-year-old son turns 14. she was convicted of hooliganism after a protest during services in moscow church. >> the taliban have claimed responsibility for a suicide attack targeting...
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find out what's really happening to the global economy because a report on. the . mission would be soon which brightened if you knew no bounds to move from funds to pressure. from stocks on t.v. dot com. deadly rivals for decades. if a good fifteen thousand people killing each other in any other country there would be still a. lot of. self-imposed costs from society i will protect my. am i going to brother understand. immediately i'm going to eventually have to cough up my anger and my frustration the anger the outrage that upgrade into the ten dollars. to buy land in u.s. history. just all model kill or be killed with the colors matching the national flag. that this country. when it chooses and it legitimized. they are made in america on the t.v. . this is also the line from moscow welcome back chicago's been paying sort of full goodbyes to our shorts has people that got the two more on the internet boy wanda charles took his life last week a federal charges against him smoke billowed threatening him with thirty five years behind bars and a million dollars worth o
find out what's really happening to the global economy because a report on. the . mission would be soon which brightened if you knew no bounds to move from funds to pressure. from stocks on t.v. dot com. deadly rivals for decades. if a good fifteen thousand people killing each other in any other country there would be still a. lot of. self-imposed costs from society i will protect my. am i going to brother understand. immediately i'm going to eventually have to cough up my anger and my...
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Jan 13, 2013
01/13
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CSPAN
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we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among the most immediate challenges. we have paid some $15 trillion in payroll tax to take care of social security benefits. how much have we actually used in benefits received by all americans? $14 trillion. we have a one dollar trillion -- $1 trillion in cash. all the trillions of dollars we have paid towards this have earned interest to tehe tune of about $1.5 trillion. $2.5 trillion in unused surplus. why should we cover the cost of tax cuts for the wealthy? >> those monies have been tapped for other priorities. >> that is
we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among...
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Jan 20, 2013
01/13
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CNN
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the amount of debt that -- >> that's the economy, exactly. i think what's interesting and what i'm looking to see is, what exactly does this vaunted pivot to asia mean? does that mean they're going to take their eye off other crucial areas, like what's happens in africa with the al qaeda affiliates. what about the peace situation in israel? the truth of the matter is unless israel/palestine is fixed and solved, many of these neighboring countries are going to feel the reverberations. >> should that would be a priority? >> i think so. and so do many people who cover that region. it will take political capital and political courage. without a vested u.s. presidential involvement that is really consistent and persistent, not much is going to change. and previous histories have shown when the u.s. president is really into it, things do change. but i think come back to afghanistan, the president wants to get out of that country and is, 2014 will be the out date. this is where al qaeda started. and people are concerned that the u.s. and other force
the amount of debt that -- >> that's the economy, exactly. i think what's interesting and what i'm looking to see is, what exactly does this vaunted pivot to asia mean? does that mean they're going to take their eye off other crucial areas, like what's happens in africa with the al qaeda affiliates. what about the peace situation in israel? the truth of the matter is unless israel/palestine is fixed and solved, many of these neighboring countries are going to feel the reverberations....
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Jan 18, 2013
01/13
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market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance
market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we...
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find out what's really happening to the global economy is a report on our. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing operations around the dead. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be a. self-imposed costs from society i will attack myself chemical attack my brother understand my contacts. going to eventually attack the cause of my anger and my frustration. that. well into the. truth of the most violent gangs in us history. it's just all model killer chill with colors matching the national flag. but this country uses violence when it reaches and then it legitimizes that. they are made in america. hello and welcome to cross talk russia's economy in two thousand and thirteen what are its strengths weaknesses opportunities and threats is the russian economy becoming more or less competitive is the pace of reform on track and is russia prepared to withstand external shock
find out what's really happening to the global economy is a report on our. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing operations around the dead. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be a. self-imposed costs from society i will attack myself chemical attack my brother understand my contacts. going to...
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Jan 18, 2013
01/13
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KQED
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Jan 14, 2013
01/13
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CNBC
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to the economy. what we're not going to do is put ourselves in a position where in order to pay for spending that we've already incurred, that our two options are we're either going to profoundly hurt the economy and hurt middle-class families and hurt seniors and hurt kids who are trying to go to college, or alternatively we're going to blow up the economy. we're not going to do that. not whatever congress asks me they're going to have to send me something that's sensible. and we shouldn't be doing this, and we shouldn't be doing this on a one to three-month time frame. why would we do that? this is the united states of america, major. we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we pay our bills? look, i don't think anybody would consider my position unreasonable here. i have -- [ inaudible ] major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every three months conversation ab
to the economy. what we're not going to do is put ourselves in a position where in order to pay for spending that we've already incurred, that our two options are we're either going to profoundly hurt the economy and hurt middle-class families and hurt seniors and hurt kids who are trying to go to college, or alternatively we're going to blow up the economy. we're not going to do that. not whatever congress asks me they're going to have to send me something that's sensible. and we shouldn't be...
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Jan 15, 2013
01/13
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the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budget plans earlier than expected. the new debt load has been lower than expected, and this has been very good news, although the government also lowered its forecast for the economy, but here at the financial markets, people are more or less happy about the fact that the german economy will be able to avoid a recession. >> let's move on to corporate news then. record sales at s.a.p. we heard today. >> very good numbers. surprisingly good numbers coming from the sales side, but the profits went down because s.a.p. had to do some big investments, buying new technol
the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budget...
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Jan 20, 2013
01/13
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KRCB
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we are 60% of the economy of south america. we are likely going to become 65 and 70% in the next ten years. now, the challenge is to make our... to share our prosperity so we can help countries like bolivia, about ten million people, paraguay, about five million people. those are countries thatre completely dependent on the brazilian economy. also, argentina and peru and colombia and all the countries in the amazon, we have to be wise, to share this prosperity. how we'll do this? integrate our economies. build more infrastructure, more roads, more contacts. we can benefit from that, and they can benefit from our development. >> hinojosa: okay. but at the same time, you're talking about brazil now geopolitically. it's not just its relationship in terms of latin america. but you're also talking about brazil making relationships now with the bric, which is the brazil russia india china coalition. you have brazil having lots of conversations with iran. you have brazil having conversations with chavez in venezuela. so, you know, whe
we are 60% of the economy of south america. we are likely going to become 65 and 70% in the next ten years. now, the challenge is to make our... to share our prosperity so we can help countries like bolivia, about ten million people, paraguay, about five million people. those are countries thatre completely dependent on the brazilian economy. also, argentina and peru and colombia and all the countries in the amazon, we have to be wise, to share this prosperity. how we'll do this? integrate our...
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Jan 18, 2013
01/13
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WJZ
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 21, 2013
01/13
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CNNW
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economy, obviously. you might have climate change. >> right. >> the foreign policy, the restructuring if you like of america's place in the world, taking on where barack obama has taken it so far. very interesting. perhaps leading from the back as he said in certain cases rather than from the front. i think the days of america having to be the global policeman should be over. what else do you see as priorities? >> immigration reform. the president feels strongly about we'll tackle this year. everyone out there understands our system is broken. and we need some fundamental restructuring of it. right thing to do. there's common sense agreement out in the states on how to do it. people putting politics aside. i think you will see the president in the second term work passionately across party lines on education to make the k-12 system the best in the world like the university system is. you hit the biggest one, that's the economy. we have to continue to take the steps -- >> does everything flow from the eco
economy, obviously. you might have climate change. >> right. >> the foreign policy, the restructuring if you like of america's place in the world, taking on where barack obama has taken it so far. very interesting. perhaps leading from the back as he said in certain cases rather than from the front. i think the days of america having to be the global policeman should be over. what else do you see as priorities? >> immigration reform. the president feels strongly about we'll...
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the american economy is changing we're moving from one of those really cami to an economy based on service based on information rooted in technology that is it's high skill high wage high training on one very low skill. shop labor and other. blacks find their skills don't fit into either those demands. they don't have the education for the skill or the training because of historic discrimination to work in aerospace. on other hand they don't feel the desire or need to go into the low skilled service sector jobs like hotel cleaning like sweatshop work downtown l.a. because they don't perceive that as jobs that american citizens should have. not talking about people who have over here to talk about people with jobs if you have a job you are dependent on that job so when that factory closes you are in essence asked out. by the late sixty's you see those plants beginning to disappear when they disappear there is virtually nothing left in their wake. and so it leaves a gaping hole in the economy of the region. with consequences that are just enormous. generationally in america is supposed to be
the american economy is changing we're moving from one of those really cami to an economy based on service based on information rooted in technology that is it's high skill high wage high training on one very low skill. shop labor and other. blacks find their skills don't fit into either those demands. they don't have the education for the skill or the training because of historic discrimination to work in aerospace. on other hand they don't feel the desire or need to go into the low skilled...
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Jan 19, 2013
01/13
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so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007 or 2006, we see increases in production. rising house prices will affect household wealth. that is what i hope will be a better year in 2013 and 2014. a few other things that are positive, just to point out, is that state and local governments which had been very contraction remote -- great contraction ary mode, they are in better shape than they were. as a result, they will not be a drag on the academy that they have been in the last few years. -- on the economy that they have been in the last few years. energy. consumers are more
so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007...
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Jan 16, 2013
01/13
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CSPAN2
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. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we nee
. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform...
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Jan 17, 2013
01/13
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CSPAN
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market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance
market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we...